Movement Mortgage Fined After NCRC Alleges Fair Lending Violation June 2, 2022 Monica Hogan Despite settling, Movement denies it gave less favorable treatment based on race or national origin...Read More
FHFA Issues Final Rule on Annual Capital Plans for Fannie and Freddie June 2, 2022 Dennis Hollier The GSEs will use the capital planning process to calculate their stress capital buffer, which is set at a minimum of 0.75% of adjusted total assets.Read More
Short Takes: Better Late Than Never (Signature) / On the Menu / Time to Worry About the MMIF? Probably Not / Cutting Dead LO Wood June 2, 2022 Paul Muolo and Monica Hogan Time to review your LO roster and make some of them free agents?Read More
Fitch: Mortgage Origination Estimates Have Been Too Optimistic June 1, 2022 Brandon Ivey Fitch said current run-rates suggest that production volume this year could fall closer to $2.0 trillion...Read More
Slip Sliding Away: Mortgage Application Volume June 1, 2022 Paul Muolo The refi share in the latest measurement came to 32.3%...Read More
Large Nonbanks Dip Their Toes Into the HELOC Pool. More to Come? June 1, 2022 Brandon Ivey Among nonbanks offering HELOCs, NewRez is hardly alone...Read More
Citi Picks Mortgage Expert for Latest MDI Rotation Program June 1, 2022 Monica Hogan Citi continues to pay the employee's salary while they work for the MDI...Read More
Short Takes: To Repurchase Shares, Or Not … That is the Question / Follow-Through? / Executive Buying / The Sky’s the Limit / Ishbia’s Pledge Revisited June 1, 2022 Paul Muolo In years past, when a stock flounders miserably, class action attorneys circle the wagons and sue management...Read More
FHA/VA Endorsements Down Nearly 20% in First Quarter May 31, 2022 Andras Malatinszky The decline in both lending programs was focused on refinances.Read More
CDFIs Not Abusing their ATR Exemptions May 31, 2022 Brandon Ivey Mortgages originated by Community Development Financial Institutions don't need to follow ability-to-repay standards established by the Consumer Financial Protection Bureau.Read More